American Axle & Manufacturing Holdings Inc reports results for the quarter ended March 31 - Earnings Summary

• American Axle & Manufacturing Holdings Inc AXL.N reported quarterly adjusted earnings of 9 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 18 cents. The mean expectation of eight analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 7 cents to 15 cents per share.

• Revenue fell 12.2% to $1.54 billion from a year ago; analysts expected $1.58 billion.

• American Axle & Manufacturing Holdings Inc's reported EPS for the quarter was 32 cents​.

• The company reported quarterly net income of $7.1 million.

• American Axle & Manufacturing Holdings Inc shares had risen by 12.3% this quarter and lost 21.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy."

• Wall Street's median 12-month price target for American Axle & Manufacturing Holdings Inc is $5.00, about 8.4% above its last closing price of $4.58

This summary was machine generated from LSEG data August 8 at 01:54 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)